Built to inform

Sign up for the daily newsletters

No, Thank you

Work to begin on Phases 3 and 4 of Azizi’s $3.3bn Dubai project

Azizi Developments expects Phases 3 and 4 of its Azizi Riviera project to be completed in Q3 2019

Farhad Azizi, chief executive officer of Azizi Developments.
Farhad Azizi, chief executive officer of Azizi Developments.

UAE-based developer, Azizi Developments, will commence construction of the third and fourth phases of its Azizi Riviera project next month.

The real estate investment arm of Azizi Group, Azizi Developments revealed that with construction work scheduled to begin this February, it is expecting Phases 3 and 4 to be completed in Q3 2019.

Meanwhile, Phases 1 and 2 of the $3.3bn (AED12bn) project are expected to be completed in Q1 2019.

According to the company, the project will boast a total of 16,000 apartments once all four phases are completed.

READ: Azizi sells more than 50% of $817m Riviera Phase 2 in two days

Farhad Azizi, chief executive officer of Azizi Developments, commented: “The consistency in Azizi Riviera's construction progress makes the start of 2018 a very exciting time for all of us.

“This destination project will enhance Dubai's community lifestyle options through the introduction of mixed-use assets, such as hotel, residential, and retail developments.”

He added: “2017 was extremely positive for us with a steady pace of project construction and handovers, allowing us to further enhance our credibility in the market. 2018 is poised to be an even better year because of our continued growth and expansion, as well as the new projects we will [be introducing] to the market.”

Located in Meydan One, Azizi Riviera consists of 69 mid-rise residential buildings comprising studio, one-bedroom, and two-bedroom apartments, in addition to a four- and a five-star hotel.

The development, which draws inspiration from the French Riviera, also features an integrated retail district.

Most popular

Awards

New category open for consultancies at CW Awards 2019 in Dubai
Sub-Consultancy of the Year to be crowned for the first time at the gala ceremony

Conferences

Leaders UAE 2019: Pinsent Masons confirmed as Gold Sponsor
Law firm is among the major construction industry players confirmed as sponsors for Leaders UAE's
Leaders in Construction UAE Summit returns in Sept 2019
Dubai conference to see top officials discuss the people, trends, and challenges that will power

Latest Issue

Construction Week - Issue 747
Aug 03, 2019